S: The Great Depression
BC: The End
FC: India McDonald im109051 American History | The Great Depression
1: What Caused the Great Depression?
2: The Great Depression was caused by a number of reasons. As prices soured so did business cost. This inevitably lead to a point where business’ were having a hard time staying both competitive and profitable. All this sparked the beginning of black Tuesday October 29, 1929 the day the stock. Other causes include: unequal distribution of wealth, high tariffs and war depths and over production in industry and agriculture.
6: How long did the Great Depression last? | The Great Depression took place from 1930 to 1939. During this time the prices of stock fell 40%. 9,000 banks went out of business and 9 million savings accounts were wiped out. 86,00 businesses failed, and wages were decreased by an average of 60%. The unemployment rate went from 9% all the way to 25%, about 15 million jobless people.
10: What was life like during the Great Depression? | Life in rural areas during the Depression was hard. Because prices for crops were very low, farmers received little for their efforts. They could not repay the loans that they had taken out on their farms in more prosperous times, and many lost their houses and farms. Although few people died from starvation, many did not have enough to eat. Some people searched garbage dumps for food or ate weeds. As the hard times deepened, the Red Cross and the government set up stations to dispense food and other necessities to the needy. Out in the country, there were not as many food stations, so people had to travel long distances to town to receive supplies. This trip was a hardship because few had transportation or the money to make the trip. People did not have money to buy things like dishes, so companies gave away "depression glass" with their products.
11: Simple household chores were very difficult for women in the 30s even with the new "modern" conveniences. This iron, though easier to use than the old, heavy iron that had to be heated on a stove, was difficult to prepare and time consuming to use. Women had to fill the tank with gasoline, (which could be very dangerous) pump air through it, and generate the burner. Yet, it did work better than the old iron. Although few people died from starvation, many did not have enough to eat. Some people searched garbage dumps for food or ate weeds. During the depression many children took on greater responsibilities at an earlier age than later generations would. Some teenagers found jobs when their parents could not, reversing the normal roles of provider and dependent. Sometimes children had to comfort their despairing parents. The depression's impact was less dramatic, but ultimately more damaging, for minorities in America than for whites. By 1932 about 50 percent of he nation's black workers were unemployed. Blacks were frequently forced out of jobs in order to give them to unemployed whites.
16: Who was effected by the Great Depression?
17: The effects of the Great Depression were widespread and painful. The Great Depression badly affected the American people because there was not a welfare system for unemployed workers. Between 1929 and 1933 money income fell 53% and as a result, demand fell considerably. This led to lower levels of production and an unemployment rate of 25% by 1933. The Great Depression did not plunge the USA into instant poverty but it did affect everyone in the country and particular the unemployed. Even those who had jobs were unsure of the future and may have had their wages or working hours cut. Even the rich did not escape the effects of The Great Depression. Many had substantial investments in the stock market and losses varied depending on how those investments were structured. However, some of the richest families, like the Kennedy family, were virtually unaffected by the great depression. But many found their fortunes wiped out, literally overnight, in the crash.
22: How did the Great Depression end? | The depression produced lasting effects on the United States that are still apparent more than half a century after it ended. It led to the election of President Franklin Delano Roosevelt, who created the programs known as the New Deal to overcome the effects of the Great Depression. These programs expanded government intervention into new areas of social and economic concerns and created social-assistance measures on the national level. The Great Depression fundamentally changed the relationship between the government and the people, who came to expect and accept a larger federal role in their lives and the economy.